Sterling and Wilson Renewable Energy Ltd (NSE:SWSOLAR)

Q1 2026 Sterling and Wilson Renewable Energy Ltd Earnings Call Transcript

Jul 18, 2025 / 04:30AM GMT

Release Date Price: ₹320.45 (-4.37%)

Transcript

Key Points

Positve

Sterling and Wilson Renewable Energy Ltd (BOM:542760) reported a strong first quarter performance with a top line growth of 93% year-on-year, reaching INR 1,762 crores.
The company has a significant bid pipeline of 30 gigawatts, with over 26 gigawatts in India alone, expected to be awarded by December 2025.
The operational EBITDA margin improved to 7% in Q1, compared to approximately INR 25 crores in Q1 FY25.
The company has successfully commissioned over 1 gigawatt of projects in Q1, indicating strong execution capabilities.
Sterling and Wilson Renewable Energy Ltd (BOM:542760) received a credit rating upgrade to BBB+, which has facilitated obtaining new banking limits and reduced charges.

Negative

Order inflows were muted in Q1 due to delays in tendering activities and aggressive competitive intensity.
Cross-border tensions caused disruptions in projects located in Rajasthan and Gujarat, impacting productivity for 40-45 days.
Legal expenses remain high, with an expectation to continue for at least 1.5 to 2 years, impacting EBITDA margins.
The company faces challenges with certain international projects, including potential impairments and write-offs.
There is uncertainty regarding the extension of deadlines for domestic content requirements, affecting project pricing and execution timelines.

Operator

Ladies and gentlemen, the conference of Sterling and Wilson Renewable Energy Limited will begin shortly. Please stay connected. Ladies and gentlemen, the conference of Sterling and Wilson Renewable Energy Limited will begin shortly. Please stay connected. Thank you.

Ladies and gentlemen, good morning, and welcome to the Sterling and Wilson Renewable Energy Limited Q1 FY26 Earnings Conference Call. Please note, this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not a guarantee of future performance of the company. and it may involve risks and uncertainties that are difficult to predict. (Operator Instructions)

Please note that this conference is being recorded. I will now hand the conference over to Mr. Sandeep Thomas Matthew, Head of IR for opening remarks. Thank you, and over to you.

Sandeep Mathew

Sterling and Wilson Renewable Energy Ltd - Head of Investor Relations

Yes. A very good morning to

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.